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PPP Loan Data — Adams Homes Inc., Gulf Breeze, FL

SBA PPP loan data, payroll data, and salaries for Adams Homes Inc.
FL

Adams Homes Inc.

Entity: Subchapter S Corporation

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Gulf Breeze, FL

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Adams Homes Inc. is a subchapter s corporation located at 3000 Gulf Breeze Pkwy in Gulf Breeze, Florida that received a Coronavirus-related PPP loan from the SBA of $4,426,485.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.43M

Jobs Retained:

388

Loan Approved:

2020-04-09

Lender:

CENTENNIAL BANK

Adams Homes Inc. received a Paycheck Protection Loan of $4.43M through CENTENNIAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Adams Homes Inc.'s total 2019 payroll expenses were approximately $21.25M in order to qualify for the PPP loan amount received.

Based on their reported 388 jobs retained, this equals an estimated average yearly compensation of $54,761 per employee1.

Because the loan received by Adams Homes Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Adams Homes Inc. in Gulf Breeze, FL

Adams Homes Inc.
3000 Gulf Breeze Pkwy
Gulf Breeze, FL 32563

Business Industry

New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-01

Similar Companies near Gulf Breeze

In the Gulf Breeze area, 15 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 388) and received an average PPP loan of $324,509 (compared to this company's $4.43M).

Industry PPP Comparison Statistics

Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 99% lower than Adams Homes Inc.'s reported 388 employees, and received an average PPP loan of $58,566, 99% lower than this company's loan of $4.43M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/adams-homes-inc-gulf-breeze-fl